US spot ethereum ETFs have continued their impressive form, recording their 10th consecutive day of positive inflows to close out the week. This strong performance reflects the growing positive sentiment among investors following the recent US presidential election.
The streak of capital inflows would also mark a great start to the month of December for US-based ethereum ETFs, which have yet to enjoy a prolonged period of strong inflows. Unsurprisingly, this latest positivity has also translated into eth price action, which recently surpassed $4,000 for the first time since March 2024.
ethereum Spot ETFs Record Fourth-Highest Trading Volume
The latest data from SoSoValue <a target="_blank" href="https://sosovalue.com/assets/etf/us-eth-spot” target=”_blank” rel=”noopener nofollow”>sample The US ethereum ETF market recorded a net inflow of $83.3 million on Friday, December 6. This brings the exchange-traded fund record to ten consecutive days of inflows, the longest streak since the ETFs were launched in July 2024.
Surprisingly, the most significant portion of the value added to ethereum ETFs came from Fidelity's ethereum Fund (with the symbol FETH). According to market data, the Fidelity ETF led the pack with approximately $47.9 million in inflows on Friday.
BlackRock's iShares ethereum Trust (symbol ETHA) followed with an inflow of over $34.56 million. Meanwhile, Grayscale ethereum Mini Trust (eth) and Bitwise ethereum ETF (ETHW) contributed $22.9 million and $13.45 million, respectively.
It is worth mentioning that Grayscale ethereum Trust (with the symbol ETHE) and 21Shares Core ethereum ETF (with the symbol CETH) recorded outflows of $29.59 million and $6.9 million, respectively.
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Source: SoSoValue
This single-day return of $83.3 million brings total net inflows to over $836.69 million over the past week, the highest weekly return for ethereum ETFs since their launch. This is a huge increase from the previous record in mid-November, which was $515 million.
Friday also marked the fourth-highest trading day for ethereum exchange-traded funds since they hit the market. According to SoSoValue data, a total value of $992.52 million was traded on the closing day of the week.
ethereum price at a glance
At the time of writing, eth is valued at around $4,000, reflecting a 0.4% price drop in the last 24 hours. The altcoin's record on a broader time frame is much more notable, with the price of ethereum up more than 10% in the last seven days.
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The price of ethereum hangs around the $4,000 mark on the daily timeframe | Source: ETHUSDT chart on x/SRtcsoRz/" target="_blank" rel="noopener nofollow">TradingView
Featured image from iStock, chart from TradingView
